Chapter 3 - Businesses and Supervision
Article 20
The Agency shall formulate its development goals and plans and submit them to the board of directors for approval and thereafter submit them to the competent supervisory authority for approval.
The Agency shall formulate its annual business plans and budgets, and submit them to the board of directors for approval and thereafter submit them to the competent supervisory authority for reference.
Article 21
Within three months after the end of the fiscal year, the Agency shall entrust a certified public accountant to audit and certify its annual performance and financial statement reports, and thereafter submit them to the board of directors for deliberation and to the supervisors for approval. Upon obtaining the approval from all supervisors, the Agency shall submit them to the competent supervisory authority for reference and to the competent audit authority.
The competent audit authority may audit the financial statement reports specified in the preceding Paragraph. The audit results may be submitted to the competent supervisory authority or other relevant authorities for necessary actions.
Article 22
The supervisory authorities of the competent supervisory authority over the Agency are as follows:
1. Approving the development goals and plans.
2. Approving the rules and regulations, annual business plans and budgets, annual performance and financial statement reports, or receiving them as reference.
3. Inspecting the assets and financial status.
4. Evaluating business performance.
5. Giving suggestion in relation to the selection or removal to the directors and supervisors.
6. Imposing necessary penalties if the directors and supervisors violate laws and regulations when carrying out businesses.
7. Revoking, changing, terminating, demanding timely improvement, suspending operations or imposing other penalties if the Agency violates the Constitution or other laws and regulations.
8. Approving the disposition of or the creation of encumbrance over the real estates owned by the Agency.
9. Supervising other matters as prescribed by laws.
Article 23
The competent supervisory authority shall invite the representatives of relevant agencies, scholars, experts and impartial public figures to evaluate the performance of the Agency. The academic experts and independent members shall number no less than one-half of the total number of individuals, and either gender shall not be less than one-third of the total number of individuals.
The methods, procedures and other relevant matters regarding the performance evaluation specified in the preceding Paragraph will be prescribed by the competent supervisory authority.
The contents of the performance evaluation are as follows:
1. Assessing the annual performance of the Agency.
2. Measuring the operational performance and achievement rate of the Agency.
3. Assessing the achievement rate of the annual self-funding targets of the Agency.
4. Making recommendations on the approval and allocation of funds of the Agency.
5. Other relevant matters.
Article 24
The relevant information of the Agency shall be made available to the public pursuant to the Freedom of Government Information Law. The Agency shall take initiative in making its annual financial statements, annual business information and annual performance evaluation reports available to the public.
The competent supervisory authority shall submit the performance evaluation reports prescribed in the preceding Paragraph to the Legislative Yuan for reference. The Legislative Yuan may, as it deems necessary, summon the head of the competent supervisory authority together with the chairperson, the Director General or related officers of the Agency to report the operation status and answer questions at the Legislative Yuan.